The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has called on President Bola Tinubu to consider trade reforms and warned against a strong naira.
Moghalu, during an interview with Arise TV on Thursday, stated that there shouldn’t be foreign exchange reforms without trade reforms in Nigeria.
He expatiated that the forex reform is one of a series of reforms that should be carried out in the Nigerian economy to avoid Nigerians bearing the brunt of the policies, while businesses profit from the government’s decisions.
